- 26 Oct
US Department of Transportation Reports Lower Travel Levels
According to an article from Cars.com and USA Today, the US Department of Transportation reports that travel on US roadways through August 2011 has reached the lowest levels since 2003. Specifically, travel in the month of August 2011 was down 1.7% from the same period in 2010, as low as August 2009 during the recession. Rural interstate travel decreased 2.7% while urban travel was down 0.5%. The Northeast region saw travel drop 2.2% in August, while in the West travel dropped 1.2%.
From a Fuel Price Management perspective, fuel pricing analysts need to be aware of this report as yet another data point indicating that the size of the fuels market is on the decline. That makes for more heated c-store competition for fewer fuel gallons sold, market conditions where only the strongest survive.